Franco-Nevada Corp. has entered into agreements with private investors to acquire a 7.29-per-cent royalty interest on the Gold Quarry property in Nevada for $103.5-million (U.S.) in cash. The Toronto company, which has more than $500-million in cash and other assets to fund new investments, said yesterday the purchase and sale agreements are expected to close by the end of the year. The Gold Quarry royalty property is a 200-hectare parcel of land in the Carlin district of north-central Nevada that covers a portion of the current Gold Quarry open pit mine of Newmont Mining Corp. FNV (TSX) rose 41 cents to $20.06 (Canadian).